“Just wanted to say that eventually the “TREND” aspect of trading has clicked-in for me. Thanks to you. Very powerful…”

Feedback in:

Hi Michael,

Thank you for the great content, books, and particularly the podcast. Love you rawness and passion. Just wanted to say that eventually the “TREND” aspect of trading has clicked-in for me. Thanks to you. Very powerful. I wish that you are having a lovely day in [wherever you are]. When you in Lisbon feel free to contact me if you need someone to show you around the city. Cheers!

Regards
André C

Thanks!

Ep. 938: Martin Lindstrom Interview with Michael Covel on Trend Following

Martin Lindstrom
Martin Lindstrom

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You try to reserve a conference room for a crucial client meeting via your company’s new-and-improved computer service, only to find that every conference room is booked–seemingly forever. Your weekly conference call is hijacked by video screens freezing, cords not working, and employees dropping in and out. You then sit through an endless Power Point presentation that everyone claims they’ve read, no one has, and that could have been summarized in one page.

What has happened to common sense? And how can we get it back? Companies, it seems, have become so entangled in their own internal issues, and further beset by reams of invisible red tape, that they’ve lost sight of their core purpose. Inevitably, they pay the price.

Best-selling author Martin Lindstrom combines numerous real‑life examples of corporate common sense gone wrong with his own ingenious plan for restoring logic—and sanity—to the companies and people that need it most. A must-read for today’s executives, managers, and office workers, The Ministry of Common Sense is funny, entertaining, and immensely practical.

Bio: Martin Lindstrom is a well-known international management consultant who routinely sees various kinds of “corporate constipation” all over the world. The author of several New York Times bestsellers – his eight books have been translated into sixty languages. Lindstrom is among the “world’s 100 most influential people” (Time magazine) and the “world’s top 20 business thinkers” for 2020 (Thinkers50).

In this episode of Trend Following Radio:

  • What is Common Sense?
  • Creativity and Screentime
  • Losing Creativity
  • Obsession of Selfies
  • Common Sense and Empathy
  • Ability to Have Empathy

Mentions & Resources:

“I’m most concerned about the right time to enter the market. There’s prediction that with a change in government the market is going to bust…”

Feedback in:

Hi Michael,

I’m reading your book now. I have been trading fake money on a virtual stock app since the start of the pandemic in the US. Of course my fake money doubled and I want to see what I can do with real money. I’m most concerned about the right time to enter the market. There’s prediction that with a change in government the market is going to bust. Your insights and expertise have been so helpful.

S.

I see it more than when to enter. A lot more. You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

See my FAQS too.

“The most significant challenge I have faced with trading is having a consistently profitable strategy that beats the market even after taxes…”

Feedback in:

Hi Michael,

I have just finished your Trend Following book and thoroughly enjoyed it! As a Mathematical Economics major I love working with patterns and love studying the markets.

The most significant challenge I have faced with trading is having a consistently profitable strategy that beats the market even after taxes. I definitely agree that Trend Following is the way to go with trading. Even before I read your book I was convinced that there is a way to make a lot of money that does not involve blindly putting your money into an Index or having to day trade. Therefore my biggest struggle is developing a system that is consistently profitable.

Thank you for the great book!

Chris J

Thanks for the nice words, but consistently profitable is not the path. Consistent is not how markets work. Trend following benefits by accepting the reality of inconsistency.